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A.F.L. Web Printing Announces Leadership Change

July 9, 2010
VOORHEES, NJ—July 7, 2010—A.F.L. Web Printing announces CEO Dennis G. Forchic has resigned. “This was a very difficult decision for me, but after careful consideration, I have decided that this is what is best for me, my family, and for A.F.L.,” said Forchic. “I have spent my entire career building the company and I believe that with the significant capital investment the Company recently secured, it is an opportune time to step back.”

 “A.F.L. is in good hands and I have complete faith in our new investor group, Westbury Partners, and the management team headed by Robert Conway the new interim CEO,” Forchic said. “I will continue to support the company during the transition and contribute to the future success of A.F.L. in any way that I can.”

Conway is a veteran executive with over 30 years experience leading companies, including publishing and printing operations, through challenging strategic and economic transitions. Most recently, as CEO of the Journal Register Co., he led the company through a successful operational restructuring and recapitalization.

“We are committed to our strategic plans for growth and will focus on improving our execution and operational performance,” Conway said. “Our team is confident that with the additional capital provided by Westbury, we are well positioned to maximize A.F.L.’s growth potential as our market continues to stabilize.”

Westbury Partners, a private equity fund located in New York recently became the majority shareholder of A.F.L. through a recapitalization plan designed to enhance the Company’s working capital. Westbury’s investment will provide operating flexibility for the company to accelerate growth. “We are fully committed to the long-term strategy and are thrilled at the opportunity to work with highly-regarded and experienced leadership,” said James W. Schubauer II, President of Westbury.

About A.F.L. Web Printing
A.F.L. Web Printing is the Publisher’s Resource of Choice in the Mid-Atlantic region for over 350 national, regional and local publishers. Our strategically located Regional Print Centers in Voorhees and Secaucus, New Jersey contain over one quarter million square feet of production capacity and provide our publishing customers unparalleled opportunities for growth. In addition to printing, A.F.L. offers a full range of services including sales support, finishing, mailing, circulation services, and delivery.
 

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